Shopping Centre Development - The Boom Goes On

15.04.2007

The shopping centre boom in Europe continues, with over 5 million m² of new space completed across Europe in 2006. Russia was by far the most active market, with 1.4 million m²opened in 36 schemes. Italy and Spain were the second and third most active markets, followed by Germany, Turkey and Poland. As expected, emerging and maturing markets dominate new development; the exception being Germany. Although a mature market in terms of evolution, Germany’s shopping centre stock is relatively old and stock per head is still low.